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. for more on this issue we turn to our security analyst, bonji ohara, a former navy captain with japan's maritime self-defense force. >> it's difficult to define specific problem in the launch. but it might be the simple mechanical trouble not structural problem because they said they would extend the period only seven days. they failed to launch the rocket last april and they are trying to launch now. it's the eighth month. but this eighth month is crucial to fix the problems. so i think they expect some level of risk of failure means launch in this period is important for north korean leaders, even though they have some risk of failure. so i think they will try, keep trying to launch the rocket, neighboring country arguing the missile launch test in this period. >>> people in japan are weighing their options and preparing to make a decision that will affect their future. they cast ballots next sunday in a general election. when japan decides voters will be picking lawmakers for the lower house of the diet. the winning party or parties will form the country's next government. voters h
>>> hello and welcome to "worldwide exchange." ross westgate is away. i'm kelly evans. japan's central bank boosts assets by another $120 billion. boj says it will discuss raising its inflation target next month. tech stocks fall in europe after ericsson unveils a swedish crown writout related to its loss chip venture. >>> reports say the intercontinental call is in talks to buy euro next. >>> and vows to continue the current government's battle against japanese territorial claims. >>> japan's central bank has decided to extend its asset purchase program to $120 billion. it will review the bank's stance on price stability next month. abe has been putting pressure on the boj to raise its inflation target to 2% as part of efforts to fight deflation. for more on the fallout or the impact here, let's talk to luca from asia pacific. you look like you're in mourning here, but it sounds like the bank of japan has delivered pretty much what the market was looking for the. >> yes. it was delivered in order to be seen as losing independence after the campaign, very aggressive campaign
. we'll go next to japan. that is where gun violence is almost nonexistent, but first -- ♪ three cheers for the green and white ♪ ♪ the sandy hook school >> these are students from new york ps 22 chorus singing their song to honor the victims there in newtown. their goal, of course, to bring hope and inspiration to families who have been impacted by the shooting. these are fifth graders from staten island. ♪ we'll go ♪ we'll do our best our very best to learn and grow ♪ it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide, as it gets to work. cisco. tomorrow starts here. (announcer) when subaru owners look in the mirror, cisco. they see more than themselves. so we celebrate our year-end with the "share the love" event. get a great deal on a new subaru and 250 dollars goes to your choice of five charities. by the end of this, our fifth year, our total can reach almost 25 mill
. tracy: i remember when i was a kid they said japan was buying of rockefeller center. japan's by to take over the world. that never happened. >> no, but japan was our ally. we could deal with the japanese on a reasonable basis. the problem with china is that it sees itself as supplanting the united states. has been very hostile and aggressive in recent years. it's trying to push the u.s. out of asia. they are not our friend, and so we don't want to give them a foothold in our economy. tracy: that being said, how do we stop this? do we not allow these deals to happen? in the u.s. is basically putting a defense. >> the chinese put up a fence. we couldn't buy if it were a chinese enterprise. we can stop this because the committee on foreign investment in the u.s. has the final say on sensitive acquisitions. and so they can stop the acquisition. tracy: that probably should have >> they should. tracy: thank you for being here. the coming collapse of china. it is coming. >> it is. tracy: we want to know what you think about all this. here is our question tonight. is the u.s. still a superpower
. martha: how different than what happened with japan in the '80s. seems like they owned every building in new york. >> back in the '80s and very early '90s japan actually overpaid. they bought the pebble beach golf course in california and bought rockefeller center in new york. various other properties and paid huge dollars for them and lot of their shirts. this time around with china is not the case. you can't say they're paying a lot of money for aig's plane leasing business or a123. martha: stuart, thank you. see you coming up on the business channel. bill: here is the question for you. how much american debt does china actually own? as the largest foreign owner of u.s. debt it owns more than a trillion dollars in treasury securities. china's holding of u.s. debt has increased 56% over the course of the obama presidency which comes out to about $400 billion more. it has bought or invested in more than $15 billion in more than 100 u.s. companies going pack to january of 2010. that is influence. martha: new numbers raising fresh concerns here at home about our economy. the u.s. consum
in south korean japan, the rogue nation has fired a long-range rocket tonight in defiance of the international community. the missile was reportedly launched at 9:51 a.m. local time. it's unclear whether the launch was successful. sometimes they just fall into the water. but japanese officials say tonight they believe the missile passed over okinawa, japan. north korea announced at the beginning of the month they intended to launch the missile, but there were reports as recently as this afternoon they had had to dismantle the rocket to make repairs to it. again, tonight it appears north korea has in fact fired the rocket. this is north korea's second rocket launch under its new leader, kim jun un. a similar rocket broke up less than two minutes in flight. officials claim this launch is intended to put a weather satellite into space. but many officials and many in the international community believe north korea may be testing its capability to one day launch a long-range nuclear warhead. this comes at a politically sensitive time. neighboring south carolina is set to hold i
? >> these are some statistics that a lot of people of talking about. in 2008 japan had just 11 gun-related murders. the u.s., 12,000. so should america look to other countri countries' gun policies now? we have someone with a unique perspective on this. cnn's own kyung lah. >> reporter: i moved back to the u.s. this summer. for the last five years, i was living in japan as cnn's tokyo correspondent. in that entire time, i never covered a shooting. there weren't any. this is my third mass shooting i've covered in just six months. >> kyung lah is on the scene for us at that apartment complex. she's got more on this part of the investigation. >> reporter: in this brief time, i've heard this question again and again by those victimized, most recently from a frustrated newtown resident. >> why are we so different from so many other industrialized countries that have so little gun violence and we are just -- what makes us so different? why is that? >> reporter: i don't have the answer, but i can compare japan and the u.s. in japan, there are almost no guns. the average person just can't get one. and i h
they claim japan's power company told. >> and a live look outside. 280 in san jose. a lot of activity just to the north of this shot near redwood. highway patrol responding to two crashes, one near the alpine off ramp, the second on paige mill road. . >>> good morning. sweeping view over san francisco. mostly cloudy, cold, 45 degrees. a light breeze. >>> police are searching for two armed robbers who stormed an oakland restaurant. they hit the restaurant on international boulevard thursday night. they robbed four diners and a employee and took the cash register. >> two california men have been arrested in a riverside county grease theft. they are accused of stealing thousands of dollars of cooking grease from the mcdonalds. the owner helped catch them by staking out his restaurant after hearing about other grease thefts. it can be turned in to biodiesel fuel. >>> cat williams has been arrested on suspicious of felony child endangerment. guns and drugs were found in the house. he is being held in lieu of a hundred thousand dollars bail. he has been arrested several times in the past few mo
with us today. a powerful earthquake sends shock waves through japan one year after a tsunami killed thousands . another sunshine warning in affect. >> steve: that is not good. it is a victory for capitalism but not everybody is happy. that is not wisconsin. it is the state of michigan taking on the organized unions. we'll tell you what just happened to the michigan workers. it changes everything. >> brian: really. big government goes to dogs like forcing flood lights in the yard . it is it happening on friday. "fox and friends" starts just about now. ♪ ♪ "fox and friends". >> gretchen: good morning, everybody. tgif. hopefully you will have a great friday as we move in the weekend. get christmas shopping done and put up the lights and your tree. >> brian: last week of the summer concert series. is it over. >> gretchen: break out your snow mobiles. i got ear must haves for you. steve, i have gloves. >> steve: they would match your outfit. >> gretchen: i know. >> steve: you just want to share. it is the season for sharing. >> gretchen: i am a wimp with the gold. i don't like it eve
and japan who hold elections this month. tokyo has already deployed its military to takeout any debris from the rocket and also the u.s. military as deployed more ships with special antimissile systems so they could intercept the rocket if it does go towards japan. back to you, jon. jon: david piper keeping an eye on north korea. thank you. jenna: we'll stay with overseas news and go straight to egypt. egypt plunging deeper into turmoil as the military acting on orders of the president there out in force and giving new power to arrest civilians ahead of this week's vote on that draft constitution that is so controversial. this as thousands of protestors take to the streets near the pre in cairo demanding the fall of the new regime. conor powell is live with more now. >> reporter: jenna, this political crisis is only growing and increasing in seriousness. at the heart of all this is the draft constitution which is supposed to be voted on on saturday. opposition groups want that vote postponed. they say the draft constitution is too islamic, they say it's antidemocratic. the morsi government
not be nationalized. in more practical terms, father, who was born in japan, got his education here, paid his taxes, and could not be nationalized. when he married my mother, who was born in hawaii and a citizen, therefore, the moment she got married, she lost her citizenship because of a law that was passed. in 1924, a law was passed in the congress, approved by the president, that said, if a people is to be found on qualify for citizenship, their homeland will not qualify. this was the quarter legislation. in the case of japan, it was singled out. the one country in the world without immigration. if you use this as a background, one can understand why certain levels of animosity developed and existed prior to december 7. we, as young people, had no idea about what's going on. >> let's jump forward now. let's talk specifically about your experiences as a young man. 18 years old. >> i was 17. a senior in high school. i was well aware of the events and although our neighbors were very friendly and understanding, when the news of december 7 finally hit me, i realized what had happened. i concluded th
, is tracking him this holiday season. we just got video in -- yes, video in of santa. he is now in japan and also in korea because santa can do anything. it's magic. he's delivering it in those countries. then he'll make his way closer to the united states around midnight or so and eat the cookies left by kids around the country and deliver presents to all the good children in america. we'll continue to track santa. we'll be right back. welcome to chevy's year-end event. so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. get the best offer of the year -- 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. hurry. bonus cash ends january 2nd. >>> jamie foxx stars in the new quentin tarantino movie ""djang unchained," a violent movie. but after the sandy hook shooting, he said this. >> it tears you up. we have to do something. i think now i feel that everyone is really pulling together, and we hav
and the environment. europe, japan and russia are also expected to continue to decline. connell: a matter of time, as they say. this fox business exclusive, we will talk about the war on business. it was a record year for anti-trust funds. dagen: the sanctions against iran. if this policy will change anything over there. the state of the economy and why it matters to you and this, the cost of crude oil. take a look at it. more than $86 a barrel. stubbornly high. ♪ >> announcer: you never know when, but thieves can steal your identity and turn your life side down. >> hi. >> hi. you know, i can save you % today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little piece of information and they caopen bogus accounts, stealing your credit, your money and ruining your reputation. that's why you need lifelock to relentlessly protect what matters most... [beeping...] helping stop crooks before your identity is attacked. and now you can have t most corehensive identity theft protection available today... lifelock ultimate. so for protection you just can't
attackers were killed. they never made it on to the base. >>> in japan rescuers found 5 charred bodies inside a collapsed tunnel. it collapsed last night sparking a fire. when they entered the tunnel they found panels crushed two vehicles. it sits on a major roadway. >>> still to come, a recap of today's top stories, including a look at bay area river levels and a live report from napa coming up. >> rains were too much for this small creek, neighbors were forced out, that story next. >> and an east bay driver learns about the dangers of standing water. look, the very hard way. and the ktvu ipad app is ready to download. watch newscast lives, traffic, bay area weather and video of breaking news, anytime, anywhere. you know how much grandma wanted to be here for your fist christmas? you see grandma lives waaaay down here, and you live way up here. brian, your cousin, he's a little bit older than you, he lives here, in chicago. and your aunt lisa lives here, in baltimore. uncle earnie? waaay out in hawaii. but don't you worry, we will always be together for christmas. [ male announcer ] b
american history tv, follow president truman's eldest grandson as he visits japan. >> everyone has their own view as top what happened. and i don't want to argue survival or about the history. we're past that. my whole purpose for being here is to listen and do what i can to see it doesn't happen again. >> we will discuss meetings with bomb survivors and inspiration for his trip. sunday on c-span 3. >> mark zandi said returning to clinton-era tax rates would hurt the economy but is necessary to get the deficit under control. his comments came at a forum and also bush administration lawrence lindsay and clinton white house chief of staff. >> thank you so much and thank you chairman bachus for turning us and turn it over to peter cook who will moderate our tax panel on tax reform. >> i got a feeling you have to head back to the hill. we hope to come up with some answers and ideas from this panel. we have -- we'll write them down. i'll hand them to your staffer. you hear the mission. we have to come up with some ideas that can pass congress and meet with everyone's approval, so no sma
asia, clearly, it has bruised people, governments across the region here, south korea and japan, and in recent days, reportedly pressing for an increase in the u.n. security council sanctions to the level currently imposed on iran. we don't know if they will get there, but tension is on the u.n. right now. china has a veto power there. china's patience was taxed with this launch, the foreign ministry spokesman expressing regret, which is a strong word from beijing. but it is unclear what measures china would accept as means of punishment of north korea. greta? >> greta: do you know why the window was extended for this launch and then they launched it? is there any explaining for that, yet? >> it could have been a measure by thome confuse and throw everything off the track. yesterday, local time, local media said that the rocket was being dismantled -- sorry, two days ago, saying it was dismantled from the launch pad, perhaps for repairs. a couple of hours later, it was put back and the launch took place, perhaps without south korean media and the government there watching, parti
markets in the world and found no statistical correlation. you look at japan, for example, which has tremendous video game consumption, and they play all of the games that we do and they don't have the violence that we have. >> stephanie: yes, that's absolutely true. the gun laws i think is the biggest piece, mental health is the biggest piece, but we can't sit here and say the last several of these mass shootings -- >> i think addiction is really strong. we don't know that there's an addiction to violent video games -- >> some people do sit there and play them for 12 15 hours on end. >> yeah. we don't have that information about adam lanza. i think that that's a stretch. and i think it's very dangerous to make those sorts of assumptions, and if you have a mentally disturbed individual who makes a life choice, you have to look at the dauseey of that person. >> stephanie: joe lieberman said the violence in the culture, particularly with the real them of videos does have a correlation -- >> and then you have to take all of the quentin tarantino movies off t
nafaya is a vice council for japan working in san francisco. prosecutors say he allegedly used a screwdriver to stab his wife in the hand, knocked out one of her teeth and kicked her multiple times. nagaya faces a year in jail as part of a plea deal. his sentencing is scheduled for january 1st. >>> craig foosley showed up yesterday at houston elementary school. he said he wanted to protect the children following the school massacre following the massacre at newtown connecticut. he told the modesto bee he was a sergeant and had been deployed to iraq and afghanistan. now the u.s. marine corp. says poosely never charged overseas and was discharged as a private. >>> the grant was announced today by congresswoman lee and is making way for hires and retires. although the fire department is still trying to figure out how many. the pinol department is also looking to get the same money from the department. >>> a woman who was killed as she was walking home from a store is being remembered tonight. paul chambers talked to the store clerk who called 911 after she heard gunshots and then
no contest to domestic violence charges. 33-year-old yoshiaki nafaya is a vice council for japan working in san francisco. prosecutors say he allegedly used a screwdriver to stab his wife in the hand, knocked out one of her teeth and kicked her multiple times. nagaya faces a year in jail as part of a plea deal. his sentencing is scheduled for january 1st. >>> craig foosley showed up yesterday at houston elementary school. he said he wanted to protect the children following the school massacre following the massacre at newtown connecticut. he told the modesto bee he was a sergeant and had been deployed to iraq and afghanistan. now the u.s. marine corp. says poosely never charged overseas and was discharged as a private. >>> the grant was announced today by congresswoman lee and is making way for hires and retires. although the fire department is still trying to figure out how many. the pinol department is also looking to get the same money from the department. >>> a woman who was killed as she was walking home from a store is being remembered tonight. paul chambers talked to the store cl
long distance transportation options. we need to catch up to germany, france and japan. just heard this morning that japan is celebrating their 50th anniversary of their bullet train. we cannot allow china to surpass us in our next generation of infrastructure. tourists from across the world will visit our high-spieled rail to marvel at our engineering and technological prowess. this is not just about transportation, but about changing the revitalization along the cities and routes. in conclusion, it's clear that i support the high-speed rail in california. the federal program will help make it possible. what we need now is vision, what we need now is leadership, what we need now is a belief that the people of california and this country want us to invest in this type of transportation option. thank you, mr. chairman. i yield back my time. >> thank you. i thank you both the members for joining us, and you're welcome now to join us be you'd like and stay for questions. we'll excuse you at this time as we bring secretary lahood up who's our next witness. our second panel, because thi
and growing. growing in the suburbs. that's the latest trend in poverty. >> i'll give you an example. japan. i lived in japan five years and they had a very good early childhood education program. there's very limited class difference and i think that that has worked pretty well and, you know, bringing, everybody prepared to participate in the labor force. >> just bring this up, again, i think there are some people who don't watch the show regularly, but, of course, they heard that nick was coming on and like one direction. >> you should see my twitter, it's going wild. >> nick crikristof is on, my far was unemployed in the 1970s and $40 in mississippi, once a week, allowed him to buy groceries for his kids and put a tank of gas in the car. so, these programs, there are extremes and there are problems, but mike said, this won't break the country, but certainly destroying lives. >> there are, you know, blind kids who desperately need their families at home and that support makes a huge diffdiffer. the problem is when you have much more ambiguous situations and parents think they can gain the cy
on the obligation and the expenditure of u.s. and government of japan funds to support the military buildup on guam. i believe that this bill sends a strong message that the united states remains committed to providing resources to refocus on the asia pacific region. and also, i'm also pleased that the conference report includes a requirement that flags the district of columbia and the u.s. territories be displayed at u.s. military installations around the world. and i ask my colleagues to support this conference report. the speaker pro tempore: the gentlelady's time has expired. the gentleman from massachusetts is recognized. mr. frank: mr. speaker, the request of the chairman of the full committee, i would now yield to him, i believe he intends to conduct a colloquy, two minutes. the speaker pro tempore: the gentleman is recognized for two minutes. mr. mckeon: i thank the gentleman for yielding. mr. speaker, i yield two minutes to the gentleman from kentucky for the purpose of a colloquy. >> thank you, chairman mckeon. i certainly want to thank you and mr. smith and your staffs for your hard work
deals or earmarks. none. >> thank you so much. we are 50 years behind japan. another couple of years is not going to hurt us. thank you very much. >> do other members seek recognition? i think we have finished all of our regular panel. i am sorry. i thought you had already spoken. >> i just wanted to go back to this issue. it seems like one of the biggest areas that hopefully you could get bipartisan support on has come of. -- come up. you have the highest environmental quality regulation in the land. why would you go through it twice? i guess the federal government has had 179,000 livres. -- waivers. it only makes sense to me that you would at least investigate this. the staff when maybe question this project on whether or not we needed. >> i take your point. i think it is a good point. i'm going to go back and talk to california. we do not do wind projects in our department. >> i understand that. >> if you have an example, i would be glad to hear it. your question what have i ever talked to the governor? no. have a talk to anybody on my staff about it? i have not. i take your point
for japan. there is something wrong with this picture. we'll have the details in a moment. please don't forget. free market capitalism is still the best path to prosperity. it may not entirely show itself in this fiscal cliff fix, but the fix may be coming. i'm kudlow. we'll be right back. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> u.s. tax dollar funded battery marker a-123 systems is up for sale. the winning bid goes to -- china. so i asked was red china rising why u.s. taxpayers have to finance their battery companies. here's ann lee, author of "what the u.s. can learn from china," professor of nyu and visiting professor from beijing university and author kwof "death by china" and cnbc contributor. ann, let me go to you first. if we, the u.s. taxpayer and government are dumb enough to build a goofy batte
that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign stocks tdd#: 1-800-345-2550 based on things like fundamentals, momentum and risk. tdd#: 1-800-345-2550 and i also have access to independent tdd#: 1-800-345-2550 firms like ned davis research tdd#: 1-800-345-2550 and economist intelligence unit. tdd#: 1-800-345-2550 plus, i can talk to their global specialists 24/7. tdd#: 1-800-345-2550 and trade in my global account commission-free tdd#: 1-800-345-2550 through march 2013. tdd#: 1-800-345-2550 best part... no jet lag. tdd#: 1-800-345-2550 call 1-866-294-5409 tdd#:
, in germany, in france, in south korea, in japan, all of whom have very strong gun control laws, you see that there are probably somewhere between maybe only a couple dozen to a couple hundred handgun related deaths a year. so we have a handgun vie -- a gun violence epidemic in this country that's unlike what is occurring anywhere else amongst our industrial counterparts, and you consider the arguments that the nra makes, the principal argument they have made to hold up legislation for 15 years is people need guns in their homes for self-defense. this has been studied by countless study all of which have found the same thing. guns inside the home are used very, very frequently, a tiny percentage of instances. almost all the times when guns inside a home are used, they are used in a suicide or in a homicide or some other kind of assault. and i remember when we were trying to get gun violence legislation passed in the wake of columbine. i remember being invited to meet with president clinton inside the oval office, and he said to me as we were walking out the door that day, he said, you kn
of regeneration in hawaii, his father emigrating from japan, at a time when there was strong in real prejudice that still existed in america -- a man who came of age as the secondary war burst upon the scene, and that very prejudiced against japanese-americans reached a crescendo. december 7, 1942, as the majority leader has alluded to, on the way to mass or on the way to church with your grandfather, listening to the radio about the bombing that was taking place in pearl harbor, and as danny told the story, over several times, at least i heard it, he thought it was an orson welles kind of thing. he and his father drove, looking at the horizon, and could see pearl harbor, the bombs bursting. he was then labeled an enemy alien. he was labeled an enemy aliens, as his family was, because of his japanese ancestry. but he fought. he fought for the chance to fight for his country. he had to fight for the chance to fight for his country, not just to prove that he was a loyal american, but because he knew, he knew what was at stake, because it was the right thing to do. my mom, as i was telling my col
competition in japan. penguins at an aquarium have taken on the role of santa's little helpers. in the evening they have the special task of switching on the christmas lights, but before you get excited, by day, all they do is lounge around and do little to nothing so basically it's sort of their civic duty to do the whole lights thing. that is the news. back to erica and willie. >> you say about time. >> you're cute, we love you, put you on tv every other day the least you can do -- >> a little something. >> come on. >> what's with the santa getup? the costumes worked well for them. >> black and white and red all over. >> we are on fire this morning. thanks. >>> dylan is here with a check of the weather. >> we are talking about a good deal of snow in portions of minnesota, back through the dakotas as well. we have blizzard warnings, not so much for a lot of snow back through the dakotas but more because of the two to six inches of snow getting tossed around so we are seeing reduced adviseibilities. most of the heavier snow is falling across minneapolis and duluth and wisconsin. we should pick
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anything. >> reporter: it is japan's high-tech answer to 2 d photos. scanners not cameras are preferred gadgets. snapshots don't take seconds but 15 minutes. this scanner here gathers all the information for one of the figurines. this camera here captures the body's shape. this one captures the texture. and i am going to put it up against it here, and you can see on the computer screen just how detailed it is. every wrinkle is brought back to life. this is you in the back? the creator says 3d scanning itself isn't new. in the latest bond film "skyfall" film makers use scanning and printing to re-create the iconic car. but a 3d avitar, i had to try it myself. 15 minutes. i can't move? the scans are processed through special 3d software. images sent to the 3d printer. three hours and a few touchups later it is time to face the mini me. what do you think? not exactly christmas ornament material, but the hair, the wrinkles, are spot on. now the question -- just where does one put a miniature version of one's self? >>> wow, i am fascinated by that technology. that's cool. >> i'm going to use
support of spain and italy if they sign to oversight and japan talking about printing money until they get a 2% inflation rate, every central bank in the world defect of the lowering interest rates or expanding balance sheets so everybody is flooding the global market with liquidity and in that environment you want assets that can scale their cash flow to the decline in value of the currency, equity, real-estate, not fixed income, tragically that is where investors are putting their money. ashley: what happens when they take the punch bowl away and if that happens all the sudden? the fed says it will signal clearly but that has got to be a concern. >> i have a feeling that ben bernanke has dusted off the fed's post world war ii playbook. people think we are in unprecedented policy environment we are not. we were deeply indebted after world war ii and the fed cut interest rates to zero and could compare for 14 years. every time the ten year treasury popped above 2 bling 5% they printed money and bought the ten year treasury for 14 years. the result of that was slowly over time we rode away
japan is handing over five million dollars to the united states to help pay for clean up of tsunami debris. some debris from the tsunami has made it across the ocean, a large dock washed on shore in august and more is expected in the next several years. >> a house in china that stood as a symbol of resistance has been turned down. it sat in the middle of a road. the neighborhood around it was destroyed but the owners refused to sale so the government built the road around the home. in the end the owners agreed to take $41,000 in compensation and the home was torn down. >> it has been a wet week here in the bay area but what about the sierra in how much snow is expected to fall by the end of the weekend. >> and a ramp on the run from police. more of this video and tell you how it all finally ended. . >> a bit of a lull in the wet weather coming our way for today with the next powerful punch already on the way as well. . >>> quite the unusual police pursuit stalled traffic in iowa yesterday. a ram jumped from a trailer started running. officers tried catching with their cars but i
with anybody in japan about the history. i think we are past that. my whole purpose for being here is to honor the dead, to listen to the living, and to see that this does not happen again. >> in washington, he discusses the inspiration for his trip and his meetings with bomb survivors. >> several governors met with president obama tuesday to discuss the soda ash called fiscal cliff and its impact on states and the economy. -- the so-called fiscal clef. members of the national governors' association spoke to reporters but the white house for about 15 minutes. >> good morning, everybody. i am the chair of the national governors' association, the governor of the telephone, -- of delaware, joined by the governor of oklahoma, the vice chair. and we are also joined by the governors of wisconsin and arkansas. we are three democrats and three republicans. we just had what i would say it was a very good meeting with the president. the issues we face as governors and states are considered as part of the discussions going on in washington. the president was very open. we talked about some of the issues
out from current trends. what's in place will go on forever. we did that with japan 30 years ago. got that one wrong. maybe we shouldn't be extrapolating like this with china. gregg: the other thing that is very conspicuous here is the enormous trade imbalance with china. our trade deficit with china has tripled over the last 10 years. point of fact i just looked it up today. we export 7%. they export 23% to the united states. isn't that a job killer for americans? >> yes it is. there is no question about it. many of the jobs which our fathers and grandfathers had in the united states left a generation ago or 10 years ago, they left for china and that's basic in the relationship between china and the united states economically at this moment. that doesn't change if china becomes the world's number one economy. it might even get worse. gregg: yeah. and china is now overtaken the united states as the world's largest trading partner. >> yes. gregg: we'll talk about that with senator charles grassley coming up next hour. stuart varney, thanks very much. >> thanks, gregg. martha: this whol
, the rebuilding of europe and japan after a war where the united states, against the will of the american people -- they were not in support of the marshall plan, but, today, no one could argue that it was not essential to the ultimate transformation of the former soviet union into the freedom of people in eastern europe and to a remarkable sense of possibilities for people who had lived under the yoke of totalitarianism 40 along. those things, out of this committee. those are the possibilities -- those things come out of this committee. those are possible. i worked for teddy kennedy. many of us were greatly changed by the assassination of president kennedy and then robert kennedy, and i will never forget the words, "i dream things that never were and asked -- ask why not," and the evening is special not only because it brings us together to celebrate the foreign relations committee and its past accomplishments, but a reminder of the debt that we owe to those who preceded us on this committee and set an example of what it could achieve and what we can be, so i think we can learn by the way they
, australia, japan and even guam. everybody loves it. >> i love this time of year. you know, in our family we make sort of like a tamale, just a little different. but it's a process, days and days. >> here's my question, are you going to bring in for your co-anchor? for the crew here on the overnight. >> of course. >> really? don't stand me up. i know you can cook, that's why i'm begging. and that drink you make, too. that's some good, strong enough. i remember that from last year. i'm still hung over from the last time you brought it in. >>> coming up, our favorite doomsday movie and a special mayan calendar edition of "insomniac." >>> and an experience i'll never forget. my day on the job as one of santa's elves in a big department store right here in new york city. ho, ho, ho. you're watching "world news now." look at that. it's time to change the way we clean. it's time to free ourselves from the smell and harshness of bleach. and free ourselves from worrying about the ones we love. new lysol power & free has more cleaning power than bleach. how? the secret is the hydrogen peroxide formul
it in the context of american culture, and so i took a trip to japan in november. and one thing they have in common with people of the united states, and they have income from paycheck to mouth to more mortgage to next month situation. there is not a lot of spare savings and that is why people like elizabeth warren and her daughter wrote about the two income trap for working parents. even people who consider themselves middle-class or by economic means middle-class, e they don't have a lot of room for error. and when you talk about breaks in employment, you dip into savings and people dip into the retirement funds, so fiscal cliff, we are talking about the national culture whereby in large, we don't have a pad of savings to deal with things like health care costs that we didn't expect or, you know, family income that is missing. so it is part of a bigger picture. >> and if we ef did, that wealth, and that cushion existed in your home and your house, and when the housing mortgage crisis occurs, and that happens and the only cushion that people had, we talk about the possibility of agriculture as par
of japan in the same region where the fukushima plant was devastated last year. no tsunami waves this time around. 7.3 magnitude quake and shook buildings more than 200 miles away in tokoyo, a tsunami warning has now been called off. we've been reporting this for months here on "varney & company." gun sales, they are absolutely booming. and now, smith & wesson, the gun people, they made a profit and they raised their outlook and the stock is going to be up come that opening bell. charles,you're buying gun stocks? >> i've got to it will you, i wanted to feature this on making money for charles segment and sandra smith was covering it and i didn't have a chance to hear what they had to say. hopefully-- >> you would have said this stock is going up if you had a chance yesterday. >> from ruger, which is a rival and actually had a much better run in this stock and a 17% short position, so these may be under some pressure and not a lot of room, technical resistance, and there's room for this to be-- >> based and done well. not as well as the rival. from a valuation point of view it's enticing, w
of competition. some from japan. many in cars being built in america in nonunion states by nonunion american workers. ever since that time consumers have voted for the competitors products. as long as you have a competitive that isn't all that much you have to do to raise costs for businesses. lori: it all sounds great and makes perfect sense, but you look at the pictures we see right now in the capital, union members serious about losing the right to work status. you wonder that volatility could have a ripple effect ultimately interceding the economy. >> probably not. a majority support this move by 10 to 15-point margin. we just had a ballot initiative in michigan to prevent the legislature from passing this exact kind of law. they defeated it by 15-point margin. the polls and election results show most michigan voters support what is going on. lori: thank you for your time and your analysis on this union issue. one i think we'l will stick arod for a while. melissa: breaking news now. delta stocks spiking on news that elder and virgin atlantic are coming to a deal. a stake currently held b
and officials say the ship will shoot down any message to the philippines or japan. apparently all pray and no play, and turns out the ground zero mosque that was supposed to be a cultural center is now an empty space with no community programs and it gathered to prepare for services and the only activity and apparently last year the company conundrum edison threatened to evict them because of 1.7 million dollars in unpaid back rent. and a massachusetts man wants to save the hostess, well, save hostess and the twinky. donald sheraton sent a letter to the ceo, the bankruptcy judge and offering to buy the company. he explains he wants to buy the company for a long time, but didn't have the capital. >> and even though it's a long shot, the deadline to buy hostess is tomorrow. you don't have any money? just write a letter i'd like to buy it. >> clayton: the twinkie. >> mike: don't forget the ding-dong. >> clayton: or don't tread on the devil dog. in college football, winners of the heisman, last night a first in college's highest honor. >> the 2012 winner of the heisman memorial trophy is.
to be the busiest day of the year. and in japan, monkeys cuddle together in the snow. hot shots, pictures from around the world. >> those monkeys in japan, not the only monkeys in the news today. jeanne moos has proof that nothing perks up a hum drum shopping day like a monkey in a fancy coat. >> you go to ikea expecting cheap furniture. >> this is so bizarre. why is there a monkey at ikea. >> there he was running around in an outfit that freaked everyone out. >> it's faux fur, not a shearli shearling. >> double breasted, no less. the tweets started to fly. anyone lose their monkey at ikea? actually, yeah. the owner was shopping inside the store when monkey managed to get out of his crate and then out of the car. >> all the people were trying to, like, call it towards them, but it was very scared. it was darting all over the place. they were trying to get it away from cars. >> his diaper only detracted a little from what was later described as his favorite jacket. we asked stylist to the stars to critique the look. how stylistish a simien is he i >> i thought for a second it was an editor i sa
-efficient engine, but it's not from japan. it's a car like no other... from a place like no other. introducing the all-new 2013 chevrolet malibu, our greatest malibu ever. ♪ >>> producer john tower, we have our replacements for fiscal cliff. please only read the clean ones. >> jason writes, money boo boo. calvin, pricey precipice. i like this one. allen, monetary manhole. >> monetary manhole. we're getting stripper names and other categories we don't want to get into. great show, everyone. "morning joe" starts right now. > ♪ and i'm free ♪ free falling >>> you know, it's a special time of the year. we've been looking forward to it for months now. and everywhere you go, you can see the twinkle in little children's eyes because they know that in just a few short weeks, ♪ the fiscal cliff is coming to town ♪ merry cliffmas. and with a dramatic name like fiscal cliff, it's got to be exciting. jim? >> the president's asking for $1.6 trillion in revenue. >> $600 billion in tax hikes. >> entitlement reform. >> dividends and capital gains. >> discretionary spending. [ cheers and applause ] >
into intensifying nationalism. there could be military clashes any day between china and japan of violence. the whole region is becoming more tense. after we leave afghanistan, i think the problems in the region will slide northward to central asia. that will involve in different ways china, russia and india. we have a crisis on our hands in syria. we have pressures to go to war against iran. these are the kind of issues that really need attentive leadership from the secretary of state that is intensely interested in them and has the kind of experience and global background that is needed for that kind of job. >> i just want to add to the list the recent north korea missile test, rocket test, aka, a missile test, and the close collaboration between north korea and iran. iran is pretty advanced on miniaturizing nuclear warheads. and north korea is very advanced on missiles. and if that collaboration continues, we may have a very serious confrontation. >> and so there's no island of stability out there in this from north korea all the way into africa. and a lot of the intel people say that t
a government backdrop. japan, australia, rbs is part of their markets. that gets you back to where the u.s. is now. you have an outstanding mortgage stock in the united states. some of this data is a little bit dated from 2012. but it gives you some snapshots about where the delinquencies are. something like a quarter have an underwater nature to the mortgage. there are still some challenges outstanding in the markets. where is the credit going to come back into the system outside of the fanny-freddie model? there are lots of calls. you hear from jeb hensarling. fannie and freddie and the fha have to be drawn back in some way. how do you do that? this provides at least some of the basic high points of where is it that the private capital is going to come from. if you have a pension fund, you put that money into the u.s. housing stock market. do you lend that to borrower? do you want to loan money to people at 4% to buy a house? the government may be doing that. the private markets say they will put the money somewhere else. kind of japanese product. the liquidity it moves pretty quickly.
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